UK - Blackstone edges closer to Close Brothers deal with £1.6bn offer
According to sources, Blackstone is prepared to pay up to 1,100p per share for Close Brothers. The offer represents a market capitalisation of ТЃ1.6bn for the London-listed investment bank.
In November 2007 Close Brothers rejected a 950p per share offer from Cenkos Securities and Landsbanki. The rival bidder could yet make another offer for the company.
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